At the Cardano Network Forum, most users agree to emphasize scientific approaches and development based on the academic research of the network. In some cases, they even proudly mention it, as if it were a trophy.
However, another part of the ecosystem community, founded in 2015 by Charles Hoskinson and Jeremy Wood, questions several aspects, such as the current price of Cardano (ADA).
At the time of publication of this memo, the ninth-value cryptocurrency on the market, is priced at $0.72. 76% are below the historic maximum (ATH) of $3.10.
The gap between current prices and Ass awakens uncertainty among users. They discuss the true use of the network.
“Hello, guys, I’d like to know if someone is really using Cardano, but in addition to being staking, I want to know that the chain has to offer people these days,” a discussion opened by a user on the reddit social network known as joy_boy_12.
This question produced all sorts of answers, including members of the community known as the Holdaway. “I don’t know how to use it. It makes staking so complicated, you’ll need to check your pool to see if it’s still active.
Another group said it was using Cardano as a protection against US dollar inflation. This is a clear example of poor use cases of use, as ADA is very unstable and, as observed in previous graphs, loses much of its value, as it questions its effectiveness as an evacuation against inflation.
Moaph highlighted the scope of distributed applications (DAPP) in the network, commenting: “The handle facilitates sending ADAs from B (for example, payments). It makes Book.io and more simple.
Users are referring to handles that make ADA easier to send to simplify wallet addresses and allow for easy and accessible transactions.
It is worth making clear that similar solutions have already been used for a long time in other networks. In Bitcoin, Lightning network addresses work just like email, and can facilitate fast and easy payments. With Ethereum, ETH domains allow you to replace long chains of letters with personalized names, making your wallet more accessible and identifiable.
Meanwhile, book.io and Stuff.io is a platform that uses Cardano network technology to distribute books and films like NFT, ensuring the digital properties of content. Meanwhile, Iagongs provides distributed storage for data and cloud computing, allowing users to protect secure and accessible information without relying on centralized servers.
In other words, many of the aspects that users stand out as good Cardan values are the traits that exist, including many years of Ethereum, Solana, and Bitcoin. This raises the question as to whether they really represent a competitive advantage or whether the community overestimates these aspects.
Apart from the opinions of each user, Reddit’s discussions reveal the issues Cardano has not yet been able to expand its recruitment And it gives their dapp a great deal of excellence.
As reported by Cryptootics, this discussion is nothing new in the community. A similar thing happened in mid-2024 when the ADA left the top 10 mayors.
On that occasion, the issues that users warned were: The technical complexity of the project and the lack of marketing to explain the operation and scope of the network.
Ethereum dominates with Dapps, better known as Uniswap and Aave, and Solana is positioned as a quick and economic option in projects such as Raydium, with discussions about its location in the market continuing within the Cardano community.
Here, it’s a good idea to take a little time to reflect: If even the members themselves question adoption and usefulness, what remains for those who observe from outside?
The key metric that can provide clarity at this point is the total block value (TVL), as it reflects the level of network activity, adoption and trust.
That is, a Higher TVL shows greater use of its dap and more committed capitalsuggests more active participation of users in the ecosystem.
According to Defillama data, blocked metrics are $326 million, well below Ethereum ($468.7 million) and Solana ($7,050 million).
On the other hand, it should also be noted that this lack of use of the network could be a result of a false perception of its usefulness. If there is something that cannot be criticized for Cardano, it is a lack of concrete progress.
As Cryptootics reports, Cardano advances scalability with Layer 2 Hydra. Layer 2 Hydra reaches 1 million transactions per second (TPS) in tests, and improvements to the Useboros protocol speed up without decentralising. This addresses one of the historical criticisms of its low processing power.
“Critics have said Hydra will not reach around 1 million TP, but he did.”
That takes that into consideration With the arrival of the new Layer 2 (L2), Cardano is ahead of the rest of the ecosystembecause it allows you to execute more complex intelligent contracts and integrate more DAPPs.
In addition to Hydra, among these solutions are gummy worms (developed by the Sunday swap team) and midguards created by Anastasia Lab to improve network scalability.
James Ford, an investment group economist and leader, points out that he is a practical investor. Cardano points out that “it’s probably one of the fastest networks in existence, and is currently opening the door to thousands of practical real-world applications.”
Crypto journalist Barbara Didefano interviewed Cardano founder Charles Hoskinson, who shared her vision on the network and revealed great growth.
If these forecasts are met, more people will use the network for DAPP, intelligent contracts, and forwarding. this Demand for ADA increases and drives pricesbecause you will have to pay the Trade Commission.
However, many of the improvements Cardano has already made in other networks are probably not just marketing issues, but lack of demand for the market.
